Introduction:

The estimating techniques covered in this course will provide delegates with the necessary skills to forecast accurately the anticipated costs of projects with a focus on estimates for pre-construction services, estimating sub-contractor work, estimating general conditions, pricing self-performed work, and estimating negotiated contracts.

​

The development of reliable cost estimates during the design and early conceptual stages of a proposed project is of critical importance since the decision to proceed with a project is often based almost exclusively on early conceptual cost estimates. These estimates also provide the basis for the cash flow projections and forecasts used during the project feasibility study.

​

Objectives:

At the end of the programme, participants will have a more profound understanding and knowledge of the following areas: -​

• In-depth understanding of the types of risks that threaten organization at any given time.

• Apply techniques used in Project estimating, from the conceptual stage to the final detailed estimate

• Understand the different types of contracts based on the distribution of risk between contracting parties

• Synthesize innovative incentive arrangements to get the best results from the contract

• Apply proper risk analysis to effectively mitigate risks at minimal costs, and to determine appropriate contingencies for residual risks

• Prepare lump-sum, unit-price, cost plus, and time-and-materials estimates and contracts

• Implement controls in the accounting processes.

• Assign functions and roles within the accounting department to maximize controls while optimizing performance.

• Assist in designing corporate business cycles to achieve better controls.

• Achieve segregation of duties and internal controls in the accounting department and related functions.

• Increase reliability on processes and decrease the likelihood of fraud through the organization.

• Comply with external reporting requirements by governmental and semi-governmental authorities.

• Develop operational policies and procedures in accordance with internal control requirement.

• Design and maintain financial controls.

​

Who Should Attend:

• Accounting & Finance staff interested to learn more about Internal Audit and Risk Management

• Senior Management, Departmental Heads, Key Decision Makers, Company Directors,  Organization Stakeholders

​

Language:

The course will be conduct in English and Arabic.

لغة البرنامج: العربية + الانجليزية

​

Call / WhatsApp us for further information and registration of this program.

Mr Hussein (Arabic): +60 13 245 5065

Mr Sunny (English): +60 17 403 6965

 

Email: marketing@tsy.my